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Report
Global Knee Implant Market Analysis and Forecast till 2028
Market Report I 2022-09-01 I 120 Pages I RationalStat
Global Knee Implant Market Analysis and Forecast 2019-2028
The global Knee Implant is expected to witness a robust strong rate of around 5.6% during the projected period. Knee implants are used to replace the weight-bearing surfaces of the knee joint in order to reduce the suffering brought on by rheumatoid arthritis or damage. Knee replacement surgeries include first-time, or primary, joint replacement procedures and revision procedures for the replacement, repair, or enhancement of an implant or component from a previous procedure. The operation is done to stop ligament tears and excruciating arthritis pain.
The market growth is attributed to the increasing adoption of minimally invasive surgeries. Minimally invasive knee replacement is performed through a shorter incision-typically 4 to 6 inches versus 8 to 10 inches for traditional knee replacement. A smaller incision allows for less tissue disturbance. In addition to a shorter incision, the technique used to open the knee is less invasive. Owing to such benefits offered, minimally invasive surgeries are increasingly being adopted across the globe and hence drive market growth.
More hospitals are adopting robotic-assisted surgeries for joint replacements. Mako Robotic Arm-Assisted Surgery System is one of the robotic surgeries adopted by hospitals that enables surgeons to deliver more predictable surgical outcomes with increased accuracy. In June 2021, Miami Orthopedics & Sports Medicine Institute became the first institution in Miami-Dade County to invest in the Mako Robotic-Arm Assisted Technology, manufactured by Stryker. Mako has helped surgeons perform partial and knee replacements more accurately.
Market Segmentation
The global knee implant market is segmented based on type, procedure type, material, end-use, and region. Based on type, the market is bifurcated into Conventional knee Implants and Smart knee implants. Among these, smart knee implants segment is projected to exhibit considerable growth rate during the forecast period. On the basis of procedure type, the market is segmented into Total knee replacement, Partial knee replacement, and Revision knee replacement. Total Knee Replacement (TKR) segment held the largest share owing to the increasing need for implants.
Based on material, the market is segmented into stainless steel, titanium alloys, polyethylene, cobalt-chromium alloys, and others including bone cement among others. On the basis of end-use, the market is divided into hospitals and ambulatory service center. Hospital segment is estimated to hold a prominent share in the market. Based on region, the market is divided into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa. North America dominates the market while Asia Pacific is projected to exhibit significant growth rate during the forecast period.
Competitive Landscape
The global knee implant is fragmented in nature with various players operating in the market. Some of the prominent players that contribute significantly to the global knee implant market include Medtronic plc, Zimmer Biomet, DePuy Synthes, MicroPort Scientific Corporation, Stryker Corporation, Exatech Inc., Medacta, Aesculap Implants Systems LLC, Smith & Nephew Plc, Johnson & Johnson, and B Braun Melsungen AG, among others.
These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, product launches, partnerships, and collaborations are some of the strategies followed by industry players. Some of the key developments in the global knee implant include,
- In November 2021, Stryker expanded its Mako SmartRobotics footprint to reach more veterans and military suffering from joint pain.
- In January 2021, Stryker has acquired OrthoSensor, a company focused on applying digital technologies and big data to total joint replacements.
Global Knee Implant Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Government Laws & Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Opportunities
9. Global Knee Implant Market: Investment Analysis
9.1. By Knee Implant Manufacturers
9.2. By Region
9.3. M&A Activities
10. Parent Market Overview
10.1. Global Medical Devices Market
10.2. Global Orthopedic Implant Market
11. Segmental Analysis
11.1. Global Knee Implant Market by Type
11.1.1. Segment Overview
11.1.1.1. Conventional Knee Implants
11.1.1.2. Smart Knee Implants
11.2. Global Knee Implant Market by Procedure Type
11.2.1. Segment Overview
11.2.1.1. Total Knee Replacement
11.2.1.2. Partial Knee Replacement
11.2.1.3. Revision Knee Replacement
11.3. Global Knee Implant Market by Material
11.3.1. Segment Overview
11.3.1.1. Stainless Steel
11.3.1.2. Titanium Alloys
11.3.1.3. Polyethylene
11.3.1.4. Cobalt-Chromium Alloys
11.3.1.5. Others (Bone cement, etc.)
11.4. Global Knee Implant Market by End Use
11.4.1. Segment Overview
11.4.1.1. Hospitals
11.4.1.2. Ambulatory Service Center
11.5. Global Knee Implant Market by Region
11.5.1. North America
11.5.2. Latin America
11.5.3. Western Europe
11.5.4. Eastern Europe
11.5.5. Asia Pacific
11.5.6. Middle East & Africa
12. Regional Analysis
12.1. North America Knee Implant Market Analysis and Forecast 2019-2028
12.1.1. Regional Market Overview and Key Takeaways
12.1.2. North America Knee Implant Market by Type
12.1.3. North America Knee Implant Market by Procedure Type
12.1.4. North America Knee Implant Market by Material
12.1.5. North America Knee Implant Market by End Use
12.1.6. North America Knee Implant Market by Country
12.1.6.1. US
12.1.6.2. Canada
12.2. Latin America Knee Implant Market Analysis and Forecast 2019-2028
12.2.1. Regional Market Overview and Key Takeaways
12.2.2. Latin America Knee Implant Market by Type
12.2.3. Latin America Knee Implant Market by Procedure Type
12.2.4. Latin America Knee Implant Market by Material
12.2.5. Latin America Knee Implant Market by End Use
12.2.6. Latin America Knee Implant Market by Country
12.2.6.1. Brazil
12.2.6.2. Mexico
12.2.6.3. Rest of Latin America
12.3. Western Europe Knee Implant Market Analysis and Forecast 2019-2028
12.3.1. Regional Market Overview and Key Takeaways
12.3.2. Western Europe Knee Implant Market by Type
12.3.3. Western Europe Knee Implant Market by Procedure Type
12.3.4. Western Europe Knee Implant Market by Material
12.3.5. Western Europe Knee Implant Market by End Use
12.3.6. Western Europe Knee Implant Market by Country
12.3.6.1. Germany
12.3.6.2. UK
12.3.6.3. France
12.3.6.4. Spain
12.3.6.5. Italy
12.3.6.6. Benelux
12.3.6.7. Nordic
12.3.6.8. Rest of Western Europe
12.4. Eastern Europe Knee Implant Market Analysis and Forecast 2019-2028
12.4.1. Regional Market Overview and Key Takeaways
12.4.2. Eastern Europe Knee Implant Market by Type
12.4.3. Eastern Europe Knee Implant Market by Procedure Type
12.4.4. Eastern Europe Knee Implant Market by Material
12.4.5. Eastern Europe Knee Implant Market by End Use
12.4.6. Eastern Europe Knee Implant Market by Country
12.4.6.1. Russia
12.4.6.2. Poland
12.4.6.3. Rest of Eastern Europe
12.5. Asia Pacific Knee Implant Market Analysis and Forecast 2019-2028
12.5.1. Regional Market Overview and Key Takeaways
12.5.2. Asia Pacific Knee Implant Market by Type
12.5.3. Asia Pacific Knee Implant Market by Procedure Type
12.5.4. Asia Pacific Knee Implant Market by Material
12.5.5. Asia Pacific Knee Implant Market by End Use
12.5.6. Asia Pacific Knee Implant Market by Country
12.5.6.1. China
12.5.6.2. Japan
12.5.6.3. India
12.5.6.4. South Korea
12.5.6.5. Australia
12.5.6.6. ASEAN
12.5.6.7. Rest of Asia-Pacific
12.6. Middle East & Africa Knee Implant Market Analysis and Forecast 2019-2028
12.6.1. Regional Market Overview and Key Takeaways
12.6.2. Middle East & Africa Knee Implant Market by Type
12.6.3. Middle East & Africa Knee Implant Market by Procedure Type
12.6.4. Middle East & Africa Knee Implant Market by Material
12.6.5. Middle East & Africa Knee Implant Market by End Use
12.6.6. Middle East & Africa Knee Implant Market by Country
12.6.6.1. GCC
12.6.6.2. South Africa
12.6.6.3. Turkey
12.6.6.4. Rest of the Middle East & Africa
13. Competitive Landscape
13.1. Competition Dashboard
13.1.1. Global and Regional Market Share Analysis
13.1.2. Market Structure
13.2. Competitive Benchmarking
13.3. Key Strategy Analysis
13.4. Company Profiles
13.4.1. Medtronic plc
13.4.1.1. Company Overview
13.4.1.2. Product/Service Offerings
13.4.1.3. Key Financials
13.4.1.4. Recent Developments
13.4.2. Zimmer Biomet
13.4.2.1. Company Overview
13.4.2.2. Product/Service Offerings
13.4.2.3. Key Financials
13.4.2.4. Recent Developments
13.4.3. ConforMIS
13.4.3.1. Company Overview
13.4.3.2. Product/Service Offerings
13.4.3.3. Key Financials
13.4.3.4. Recent Developments
13.4.4. DePuy Synthes
13.4.4.1. Company Overview
13.4.4.2. Product/Service Offerings
13.4.4.3. Key Financials
13.4.4.4. Recent Developments
13.4.5. MicroPort Scientific Corporation
13.4.5.1. Company Overview
13.4.5.2. Product/Service Offerings
13.4.5.3. Key Financials
13.4.5.4. Recent Developments
13.4.6. Stryker Corporation
13.4.6.1. Company Overview
13.4.6.2. Product/Service Offerings
13.4.6.3. Key Financials
13.4.6.4. Recent Developments
13.4.7. Exactech Inc.
13.4.7.1. Company Overview
13.4.7.2. Product/Service Offerings
13.4.7.3. Key Financials
13.4.7.4. Recent Developments
13.4.8. Medacta
13.4.8.1. Company Overview
13.4.8.2. Product/Service Offerings
13.4.8.3. Key Financials
13.4.8.4. Recent Developments
13.4.9. Aesculap Implants Systems LLC
13.4.9.1. Company Overview
13.4.9.2. Product/Service Offerings
13.4.9.3. Key Financials
13.4.9.4. Recent Developments
13.4.10. Omnilife Sciences Pvt Ltd
13.4.10.1. Company Overview
13.4.10.2. Product/Service Offerings
13.4.10.3. Key Financials
13.4.10.4. Recent Developments
13.4.11. Smith & Nephew Plc
13.4.11.1. Company Overview
13.4.11.2. Product/Service Offerings
13.4.11.3. Key Financials
13.4.11.4. Recent Developments
13.4.12. Johnson & Johnson
13.4.12.1. Company Overview
13.4.12.2. Product/Service Offerings
13.4.12.3. Key Financials
13.4.12.4. Recent Developments
13.4.13. B Braun Melsungen AG
13.4.13.1. Company Overview
13.4.13.2. Product/Service Offerings
13.4.13.3. Key Financials
13.4.13.4. Recent Developments
*List not exhaustive (Players can be added or replaced as per the customization)
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